IAS And IFRS Questions: Accounting Quiz!
- 1.What is IAS 1?
- A.
Events After the Balance Sheet Date
- B.
Financial Instrument: Recognition and Measurement
- C.
Preparation of Financial Statements
- D.
Non – Current Assets Held for Sale and Discontinued Operations
- 2.What is IAS 2?
- A.
Inventory Valuation
- B.
Preparation of Financial Statements
- C.
Accounting Policies, Changes in Accounting Estimates and Errors
- D.
Leases
- 3.What is IAS 4?
- A.
Income Taxes
- B.
Property Plant and Equipment
- C.
Depreciation Accountings
- D.
Events After the Balance Sheet Date
- 4.What is IAS 7?
- A.
Consolidated and Separate Financial Statements
- B.
Construction Contracts
- C.
Depreciation Accountings
- D.
Cashflow Statements
- 5.What is IAS 8?
- A.
Accounting Policies, Changes in Accounting Estimates and Errors
- B.
Accounting for Investments
- C.
Related Party Disclosure
- D.
Financial Instruments: Presentation and Disclosure
- 6.What is IAS 10?
- A.
Events After the Balance Sheet Date
- B.
Preparation of Financial Statements
- C.
Depreciation Accountings
- D.
Accounting Policies, Changes in Accounting Estimates and Errors
- 7.What is IAS 11?
- A.
Construction Contracts
- B.
Accounting Policies, Changes in Accounting Estimates and Errors
- C.
Government Grants
- D.
Revenue
- 8.What is IAS 12?
- A.
Income Taxes
- B.
Preparation of Financial Statements
- C.
Cashflow Statements
- D.
Depreciation Accountings
- 9.What is IAS 16?
- A.
Impairment of Assets
- B.
Investment in Associates
- C.
Revenue
- D.
Property Plant and Equipment
- 10.What is IAS 17?
- A.
Accounting Policies, Changes in Accounting Estimates and Errors
- B.
Non – Current Assets Held for Sale and Discontinued Operations
- C.
Construction Contracts
- D.
Leases
- 11.What is IAS18?
- A.
Depreciation Accountings
- B.
Events After the Balance Sheet Date
- C.
Accounting Policies, Changes in Accounting Estimates and Errors
- D.
Revenue
- 12.What is IAS 20?
- A.
Preparation of Financial Statements
- B.
Depreciation Accountings
- C.
Accounting Policies, Changes in Accounting Estimates and Errors
- D.
Government Grants
- 13.What is IAS 23?
- A.
Borrowing Costs
- B.
First Time Adoption of IFRS
- C.
Provision, Contingent Liabilities and Contingent Assets
- D.
Consolidated and Separate Financial Statements
- 14.What is IAS 24?
- A.
Related Party Disclosure
- B.
Accounting for Investments
- C.
Consolidated and Separate Financial Statements
- D.
Financial Instruments: Presentation and Disclosure
- 15.What is IAS 25?
- A.
Inventory Valuation
- B.
Accounting for Investments
- C.
Cashflow Statements
- D.
Depreciation Accountings
- 16.What is IAS 27?
- A.
Consolidated and Separate Financial Statements
- B.
Financial Instruments: Presentation and Disclosure
- C.
Provision, Contingent Liabilities and Contingent Assets
- D.
EPS
- 17.What is IAS 28?
- A.
Investment in Associates
- B.
Financial Instruments: Presentation and Disclosure
- C.
Financial Instrument: Recognition and Measurement
- D.
First Time Adoption of IFRS
- 18.What is IAS 32?
- A.
Financial Instruments: Presentation and Disclosure
- B.
EPS
- C.
Impairment of Assets
- D.
Provision, Contingent Liabilities and Contingent Assets
- 19.What is IAS 33?
- A.
EPS
- B.
Business Combinations
- C.
Non – Current Assets Held for Sale and Discontinued Operations
- D.
Intangible Assets
- 20.What is IAS 36?
- A.
Investment in Associates
- B.
Financial Instrument: Recognition and Measurement
- C.
Financial Instruments: Presentation and Disclosure
- D.
Impairment of Assets
- 21.What is IAS 37?
- A.
Financial Instruments: Presentation and Disclosure
- B.
Consolidated and Separate Financial Statements
- C.
Provision, Contingent Liabilities and Contingent Assets
- D.
Investment Properties
- 22.What is IAS 38?
- A.
Intangible Assets
- B.
Non – Current Assets Held for Sale and Discontinued Operations
- C.
Business Combinations
- D.
Provision, Contingent Liabilities and Contingent Assets
- 23.What is IAS 39?
- A.
Financial Instrument: Recognition and Measurement
- B.
Preparation of Financial Statements
- C.
Depreciation Accountings
- D.
Cashflow Statements
- 24.What is IAS 40?
- A.
Investment Properties
- B.
Impairment of Assets
- C.
Intangible Assets
- D.
Related Party Disclosure
- 25.What is IFRS 1?
- A.
First Time Adoption of IFRS
- B.
Business Combinations
- C.
Non – Current Assets Held for Sale and Discontinued Operations
- D.
Preparation of Financial Statements
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